Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the Mountain Census Division
This dataset tracks average price: gasoline, unleaded regular (cost per gallon/3.785 liters) in the mountain census division over time.
Latest Value
3.49
Year-over-Year Change
-6.38%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of unleaded regular gasoline in the Mountain Census Division, a key region for energy consumption and production. It provides crucial data for analyzing fuel costs, consumer spending, and broader economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Price: Gasoline, Unleaded Regular metric tracks the average retail price per gallon of unleaded regular gasoline across the Mountain Census Division, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. This data is essential for understanding regional variations in fuel prices and their impact on household budgets, business operations, and transportation costs.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the economic health of the Mountain region and its sensitivity to energy price fluctuations.
Key Facts
- The Mountain Division accounts for about 8% of total U.S. gasoline consumption.
- Prices in this region can vary significantly from the national average due to factors like transportation costs and refinery capacity.
- Gasoline is a major household expense, typically comprising 2-4% of total consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of unleaded regular gasoline in the Mountain Census Division, which includes several western U.S. states.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a crucial economic indicator, as they impact household budgets, business costs, and broader consumer spending trends. Monitoring regional variations in fuel prices provides valuable insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the economic health of the Mountain region and its sensitivity to energy price fluctuations, which can inform decisions on issues like taxation, infrastructure investment, and consumer protection.
Q: Are there update delays or limitations?
A: The data is reported weekly, with some potential for minor delays in publication. The metric may not fully capture unique local market conditions or short-term price volatility.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the Mountain Census Division (APU048074714), retrieved from FRED.